Head of Policy Wordings Specialist
4 weeks ago
We are seeking a seasoned professional to fill the position of Head of Policy Wordings, who will be responsible for the production and maintenance of Travelers' wordings across Bond and Speciality.
Key Responsibilities- Develop and implement a framework for wording portfolio management, encompassing assessment, analysis, completion, and strategic maintenance and innovation of Travelers' wordings.
- Collaborate with product leads, distribution, legal, claims, underwriting, compliance, and IT functions to ensure that policy wordings are contemporary, market leading, and customer-centric.
- Design and build a library for all agreed coverages, including TRV own and TP policy forms.
- Manage workloads within the wordings team to ensure priorities are dealt with in a timely manner.
- Deliver 'technical wording' training to underwriters on an ongoing basis in conjunction with and support of Distribution.
- Represent TRV with ABI, LMA, CII, BIBA, and AIRMIC at policy wording forums and ensure that trends identified by this group are taken to TRV and appropriate stakeholders are engaged.
- Educated to degree or equivalent standard preferred.
- Thorough knowledge of London or Company insurance market, preferably with some in-house experience working within the Company or Lloyd's market.
- Awareness of Delegated Authority/Consortia structure Minimum Standards required.
- Expert level market wording knowledge in at least one line of business and good knowledge in all other lines of business.
- Research and analysis – Proven research, analytical, and drafting skills with the ability to deliver coverage analysis and provision of legal advice on complex underwriting matters.
- Project management and excellent organisational skills.
- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts, and resources that empower you to achieve your wellness goals and caregiving needs.
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